Sensex, Nifty Rally On Firm Global Cues; Banks Lead Charge

RTTNews | 889 hari yang lalu
Sensex, Nifty Rally On Firm Global Cues; Banks Lead Charge

(RTTNews) - Indian shares rallied on Friday, mirroring firm cues from global markets after Friday's U.S. inflation data largely met estimates and diplomatic efforts intensified to reach a long-sought truce and hostage-release deal in Gaza.

Banks topped the gainers list following encouraging earnings reports from a slew of private sector banks.

The benchmark S&P BSE Sensex ended the session up 941.12 points, or 1.28 percent, at 74,671.28 after U.S. equities notched the best weekly rally of 2024 on the back of blowout earnings reports from technology heavyweights Alphabet and Microsoft as well as encouraging inflation data that contained no big surprises.

The broader NSE Nifty index settled 223.45 points, or 1 percent, higher at 22,643.40. ICICI Bank shares surged 4.4 percent after the private sector lender reported a 17 percent increase in Q4 profit and higher spending on information technology and cybersecurity.

Peers SBI, IndusInd Bank and Axis Bank followed suit to rise nearly 3 percent each. Among the prominent decliners, HCL Technologies lost 5.8 percent on weak FY25 guidance.

Apollo Hospitals Enterprise plunged 4.7 percent after PE firm Advent International agreed to invest 24.75 billion rupees (nearly $297 million) in its unit Apollo HealthCo.

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Indian Shares Set To Follow Global Peers Higher

Indian Shares Set To Follow Global Peers Higher

Indian shares are seen opening higher on Tuesday, tracking mostly positive cues from global markets as oil extended declines, helping ease concerns around inflation and input costs ahead of the Reserve Bank of India's monetary policy announcement due this week.
RTTNews | 26 menit yang lalu
Thai Stock Market May Tick Higher Again On Tuesday

Thai Stock Market May Tick Higher Again On Tuesday

The Thai stock market has tracked higher in three straight sessions, gathering more than 15 points or 1.0 percent in that span. The Stock Exchange of Thailand now sits just above the 1,575-point plateau and it may see additional support again on Tuesday.
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Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 70,150 level, with gains in automakers, financial stocks.
RTTNews | 1 jam 3 menit yang lalu
Australian Markets Notably Higher

Australian Markets Notably Higher

The Australian stock market is notably higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 index is moving well above the 8,700 level, with gains in mining and technology stocks partially offset by weakness in energy stocks.
RTTNews | 1 jam 17 menit yang lalu
Higher Open Expected For Indonesia Stock Market

Higher Open Expected For Indonesia Stock Market

The Indonesia stock market has moved higher in two straight sessions, climbing almost 110 points or 1.6 percent in that span. The Jakarta Composite Index now sits just beneath the 6,120-point plateau and it's likely to open to the upside again on Tuesday.
RTTNews | 1 jam 29 menit yang lalu
Hong Kong Stock Market May Extend Monday's Gains

Hong Kong Stock Market May Extend Monday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day slide in which it had given up almost 600 points or 2.5 percent. The Hang Seng now sits just above the 23,830-point plateau and it's tipped to open in the green again on Tuesday.
RTTNews | 1 jam 59 menit yang lalu
Overbought Taiwan Shares Nonetheless Called Higher Again

Overbought Taiwan Shares Nonetheless Called Higher Again

The Taiwan stock market has moved higher in four straight sessions, climbing more than 2,050 points or 4.4 percent along the way. The Taiwan Stock Exchange now sits just above the 49,700-point plateau and it may see mild upside again on Tuesday.
RTTNews | 2 jam 29 menit yang lalu
Singapore Stock Market May Crack Resistance At 5,700 Points

Singapore Stock Market May Crack Resistance At 5,700 Points

The Singapore stock market on Monday snapped the four-day losing streak in which it had slumped almost 100 points or 1.8 percent. The Straits Times Index now sits just above the 5,660-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 2 jam 59 menit yang lalu